Rockridge Phase 2, 15,000 Metre Drill Program Underway at Fatou Gold Project, Mali
09 12월 2010 - 4:48AM
Marketwired
Rockridge Capital Corp. (TSX VENTURE: RRC) (the "Company") is
pleased to announce that the Phase 2, 15,000 metre diamond drilling
program at the Fatou Gold Project in southern Mali is underway.
The programme is designed to test the following:
-- Follow-up of drill intersects from the Phase 1 drill program where
intercepts up to 27m grading 3.1g/t Au (see news release dated October
4, 2010) were recorded;
-- Expand the drill testing of the 6km x 500m Fatou gold-in-soil anomaly;
-- Initial drill testing of the 3km x 300m Fininko gold-in-soil anomaly;
Drilling is scheduled to continue until mid December at which
time the Company will break for the Christmas period. Drilling is
anticipated to resume on January 20, 2011.
The Fatou gold project is located in southern Mali, West Africa,
approximately 20 km north of the border between Mali and Cote
d'Ivoire, and approximately 250 km southeast of the capital city of
Bamako. The Fatou exploration permit covers 250 square kilometres
and is accessible via a paved highway and laterite road to the
permit area. Starting on October 1st field crews were mobilized to
site to extend soil survey and regolith mapping to the west. The
program entailed the collection of over 2500 soil samples - results
are pending. Detailed geological mapping of the remaining artisanal
workings in the Fatou Area was also completed.
Appointment of New Director
The Company is pleased to welcome Edward Ford as an Independent
Director of the Company. A Chartered Accountant, Mr. Ford is a
leading specialist in all aspects of venture capital and bridge
financing, with more than 45 years of experience creating and
implementing financial development plans for companies in Canada
and the United States. He has extensive experience in securities
markets, working with companies listed on the Canadian stock
exchanges, and NASDAQ in the United States. Mr Ford will also serve
on Rockridge's Audit Committee.
Grant of Incentive Stock Options
The Company also announces that it has granted a total of 1.9
million incentive stock options, with an exercise price of $0.60 to
directors, officers, and certain employees and consultants of the
Company. The exercise term of these stock options expires on
December 7, 2015, and are subject to the terms and conditions of
the Company's stock option plan. The grant of stock options is
subject to any required regulatory and shareholder approvals.
ON BEHALF OF THE BOARD OF DIRECTORS OF ROCKRIDGE CAPITAL
CORP.
Karl Kottmeier, President
This news release does not constitute an offer to sell or
solicitation of an offer to sell any securities in the United
States. The securities have not been and will not be registered
under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is
available.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
Contacts: Rockridge Capital Corp. Karl Kottmeier President 604
678 8941 604 689 7442 (FAX) karl@krgltd.com
www.rockridgecapitalcorp.com
Rockridge Capital Corp. (TSXV:RRC)
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